Economic Daily commentator: We must both let go and manage well.

date
16/12/2025
The overall coordination of the "invisible hand" and the "visible hand" is a major reform issue, and it is also a core issue related to economic system reform. At the recent Central Economic Work Conference, the idea of "must achieve both 'freedom' and 'effective regulation'" was included in the new understanding of economic work under the new circumstances. By using dialectical thinking to clarify the relationship between the government and the market, the goal is to achieve a lively and orderly economy. "Freedom" does not mean complete freedom, and "regulation" does not mean tying up hands and feet. The purpose of "freedom" is to eliminate institutional obstacles that affect the development of productivity; the essence of "effective regulation" is to build a socialist rule of law economy and a credit economy. These two aspects are not contradictory, but are unified in a high-level socialist market economy system, aimed at the top priority task of high-quality development.